Truro will be receiving £750,000 as part of a £80million nationwide scheme from the Government to kick start regeneration projects and give areas a boost, Communities Secretary Robert Jenrick has announced today.
This funding will be used to support projects that will make a difference to the area, such as new green spaces, the creation of pop-up businesses spaces, pedestrianising streets to encourage walking or cycling and creating of new community hubs to support those living alone.
This investment will give areas in all corners of England the opportunity to drive economic growth and improve prospects for their communities, which will be vital as the country continues to respond to the impact of the coronavirus pandemic. These funds are part of the overall £3.6 billion Towns Fund money allocated - with this initial pot shared out now to get some projects off the ground and give local areas the boost they need.
All 101 towns selected to work towards a Town Deal were given a funding allocation with proposals submitted to the MCHLG in August, before being reviewed by officials and a final decision made by ministers.
Truro and Falmouth Member of Parliament Cherilyn Mackrory said:
“I am delighted to see the success of our bid for this additional tranche of monies from the Towns Fund.”
“I was pleased to recently welcome the Secretary of State to Truro so he could see for himself what our city has to offer, and I know he went away impressed at the excellent work already carried out by the Towns Board.”
“This funding, which will be made available by the end of the month, will allow the Truro Town Board to kick start their transformative projects and I look forward to working with all concerned to make our city better for everyone.”
Communities Secretary Robert Jenrick said:
“Our Towns Fund will help to share prosperity across the country and level-up. This £80 million funding for immediate investment is a real boost for our towns and will help them thrive with investment in transport, technology, skills and culture.”
“It will give towns across the opportunity to drive economic growth and improve prospects for their communities, which will be vital as the country respond to the impact of the coronavirus pandemic. We are fully behind our high streets and will support local areas to build back better.”